Saturday, August 20, 2011

Tokyo stocks tumble

Tokyo stocks ended sharply lower on Friday. A strong earthquake in northeastern Japan just before the market-close spread jitters among investors, triggering increased falls in share prices.

The market had opened lower on Friday morning, as investors responded to an overnight plunge in New York by selling a broad range of issues.

The benchmark Nikkei average closed the day at 8,719 -- down 224 points from Thursday's close.

The broader-based TOPIX index ended at 751 -- down 15 points.

Stock prices also ended lower in China and other parts of Asia. Market players say investors are growing concerned over a possible global market decline.

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